– “His year devoted to the search for a necessary and sufficient condition for efficiency in the neoclassical growth model led to the remarkable condition that the sum of the inverses of the present prices of capital over the infinite future should be finite” (from the quoted Am. Ec. Ass. pdf).

Abandoned Homes by Serrator

CC-BY-SA License

My Tube 4 You

A blog under CC_BY_SA License, ranging from Creative Commons to Commonalism: copigiro-copyleft, depression or recession?, ICT diffusion; Marx, Minsky and political economy; Simone Weil: socialism and spirituality.
This work is licensed under a Creative Commons Attribution-Share Alike 2.5 Italy License.